Fujian Anjoy Foods Co Ltd (603345) - Net Assets
Based on the latest financial reports, Fujian Anjoy Foods Co Ltd (603345) has net assets worth CN¥16.47 Billion CNY (≈ $2.41 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥20.55 Billion ≈ $3.01 Billion USD) and total liabilities (CN¥4.09 Billion ≈ $597.87 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 603345 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥16.47 Billion |
| % of Total Assets | 80.12% |
| Annual Growth Rate | 30.11% |
| 5-Year Change | 209.18% |
| 10-Year Change | 1483.15% |
| Growth Volatility | 31.22 |
Fujian Anjoy Foods Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Fujian Anjoy Foods Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Fujian Anjoy Foods Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fujian Anjoy Foods Co Ltd (2011–2025)
The table below shows the annual net assets of Fujian Anjoy Foods Co Ltd from 2011 to 2025. For live valuation and market cap data, see Fujian Anjoy Foods Co Ltd (603345) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥15.90 Billion ≈ $2.33 Billion |
+19.84% |
| 2024-12-31 | CN¥13.27 Billion ≈ $1.94 Billion |
+2.87% |
| 2023-12-31 | CN¥12.90 Billion ≈ $1.89 Billion |
+8.42% |
| 2022-12-31 | CN¥11.90 Billion ≈ $1.74 Billion |
+131.33% |
| 2021-12-31 | CN¥5.14 Billion ≈ $752.70 Million |
+39.63% |
| 2020-12-31 | CN¥3.68 Billion ≈ $539.07 Million |
+34.27% |
| 2019-12-31 | CN¥2.74 Billion ≈ $401.48 Million |
+33.97% |
| 2018-12-31 | CN¥2.05 Billion ≈ $299.68 Million |
+20.93% |
| 2017-12-31 | CN¥1.69 Billion ≈ $247.81 Million |
+68.58% |
| 2016-12-31 | CN¥1.00 Billion ≈ $147.00 Million |
+21.45% |
| 2015-12-31 | CN¥827.14 Million ≈ $121.04 Million |
+18.37% |
| 2014-12-31 | CN¥698.80 Million ≈ $102.26 Million |
+22.92% |
| 2013-12-31 | CN¥568.51 Million ≈ $83.19 Million |
+22.41% |
| 2012-12-31 | CN¥464.45 Million ≈ $67.96 Million |
+16.41% |
| 2011-12-31 | CN¥398.98 Million ≈ $58.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Anjoy Foods Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5343.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.04 Billion | 32.56% |
| Other Components | CN¥10.45 Billion | 67.44% |
| Total Equity | CN¥15.49 Billion | 100.00% |
Fujian Anjoy Foods Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Anjoy Foods Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRG Banking Equipment Co Ltd
SHE:002152
|
$3.60 Billion |
|
Shenzhen Microgate Technology Co Ltd
SHE:300319
|
$3.61 Billion |
|
The New India Assurance Company Limited
NSE:NIACL
|
$3.61 Billion |
|
Holmen AB (publ)
ST:HOLM-B
|
$3.61 Billion |
|
Asbury Automotive Group Inc
NYSE:ABG
|
$3.60 Billion |
|
Xiamen Voke Mold & Plastic Engineering Co. Ltd.
SHE:301196
|
$3.60 Billion |
|
Brady Corporation
NYSE:BRC
|
$3.60 Billion |
|
PTT OIL+RET.BUS.-NVDR- 10
F:7F80
|
$3.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Anjoy Foods Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,952,529,210 to 15,492,622,900, a change of 2,540,093,690 (19.6%).
- Net income of 1,359,237,140 contributed positively to equity growth.
- Dividend payments of 1,063,864,073 reduced retained earnings.
- Other comprehensive income decreased equity by 336,261,782.
- Other factors increased equity by 2,580,982,405.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.36 Billion | +8.77% |
| Dividends Paid | CN¥1.06 Billion | -6.87% |
| Other Comprehensive Income | CN¥-336.26 Million | -2.17% |
| Other Changes | CN¥2.58 Billion | +16.66% |
| Total Change | CN¥- | 19.61% |
Book Value vs Market Value Analysis
This analysis compares Fujian Anjoy Foods Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 35.77x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.35 | CN¥83.93 | x |
| 2012-12-31 | CN¥2.85 | CN¥83.93 | x |
| 2013-12-31 | CN¥3.50 | CN¥83.93 | x |
| 2014-12-31 | CN¥4.29 | CN¥83.93 | x |
| 2015-12-31 | CN¥5.09 | CN¥83.93 | x |
| 2016-12-31 | CN¥6.17 | CN¥83.93 | x |
| 2017-12-31 | CN¥8.20 | CN¥83.93 | x |
| 2018-12-31 | CN¥9.40 | CN¥83.93 | x |
| 2019-12-31 | CN¥11.91 | CN¥83.93 | x |
| 2020-12-31 | CN¥15.50 | CN¥83.93 | x |
| 2021-12-31 | CN¥20.82 | CN¥83.93 | x |
| 2022-12-31 | CN¥41.05 | CN¥83.93 | x |
| 2023-12-31 | CN¥43.06 | CN¥83.93 | x |
| 2024-12-31 | CN¥44.31 | CN¥83.93 | x |
| 2025-12-31 | CN¥46.48 | CN¥83.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Anjoy Foods Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.39%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.34x
- Recent ROE (8.77%) is below the historical average (14.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 19.18% | 5.84% | 1.43x | 2.29x | CN¥34.21 Million |
| 2012 | 20.35% | 6.62% | 1.37x | 2.25x | CN¥48.06 Million |
| 2013 | 18.30% | 5.83% | 1.31x | 2.39x | CN¥47.21 Million |
| 2014 | 18.64% | 5.87% | 1.27x | 2.49x | CN¥60.41 Million |
| 2015 | 15.52% | 5.01% | 1.21x | 2.56x | CN¥45.63 Million |
| 2016 | 17.66% | 5.92% | 1.21x | 2.47x | CN¥76.95 Million |
| 2017 | 11.95% | 5.81% | 1.07x | 1.92x | CN¥33.09 Million |
| 2018 | 13.20% | 6.35% | 0.93x | 2.23x | CN¥65.46 Million |
| 2019 | 13.61% | 7.09% | 0.93x | 2.07x | CN¥98.98 Million |
| 2020 | 16.39% | 8.67% | 0.98x | 1.93x | CN¥235.42 Million |
| 2021 | 13.45% | 7.36% | 1.06x | 1.73x | CN¥174.95 Million |
| 2022 | 9.43% | 9.04% | 0.75x | 1.39x | CN¥-66.90 Million |
| 2023 | 11.70% | 10.52% | 0.81x | 1.37x | CN¥215.26 Million |
| 2024 | 11.46% | 9.82% | 0.87x | 1.34x | CN¥189.58 Million |
| 2025 | 8.77% | 8.39% | 0.78x | 1.34x | CN¥-190.03 Million |
Industry Comparison
This section compares Fujian Anjoy Foods Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,082,192,569
- Average return on equity (ROE) among peers: 2.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Anjoy Foods Co Ltd (603345) | CN¥16.47 Billion | 19.18% | 0.25x | $3.60 Billion |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $372.94 Million | 1.53% | 0.77x | $992.25 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $399.64 Million | -9.56% | 0.79x | $515.34 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $135.06 Million | 5.79% | 0.97x | $206.92 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $199.49 Million | -32.62% | 2.81x | $473.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $400.45 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $16.36 Billion | 24.69% | 0.34x | $11.55 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $767.56 Million | 1.47% | 1.57x | $388.25 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $405.77 Million | 18.27% | 1.07x | $599.98 Million |
| Qingdao Foods Co Ltd (001219) | $923.11 Million | 9.90% | 0.10x | $351.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $461.01 Million | 8.31% | 0.83x | $507.38 Million |
About Fujian Anjoy Foods Co Ltd
Anjoy Foods Group Co., Ltd. engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products in China. It sells frozen food, including quick-frozen prepared food, quick-frozen rice and flour products, and quick-frozen prepared dishes. The company offers quick-frozen flavored and processed food such as stuffed meatballs, fish tofu, fish r… Read more